Qualified Charitable Distributions

Support WOMR with a Qualified Charitable Distribution (QCD) from Your IRA

If you’re 701⁄2 or older, you have a unique opportunity to support our charity while potentially reducing your tax burden through a Qualified Charitable Distribution (QCD) from your Individual Retirement Account (IRA).

What is a QCD?

A Qualified Charitable Distribution (QCD) allows you to donate up to $100,000 per year directly from your IRA to a qualified charity, like ours. This donation can count toward your Required Minimum Distribution (RMD) if you are 73 or older, but it isn’t included in your taxable income.

Benefits of a QCD:

● Tax Advantages: Since the QCD is excluded from your taxable income, it can help lower your overall tax liability, particularly if you don’t itemize deductions.
● Fulfill Your RMD: If you are required to take RMDs, a QCD can satisfy this requirement without increasing your taxable income.
● Generous Giving: You can donate up to $100,000 annually, or $200,000 if both you and your spouse have IRAs, maximizing your philanthropic impact.

How to Make a QCD:

1. Contact Your IRA Administrator: Request that a distribution be made directly from your IRA to our charity. The check must be made payable to our organization to qualify as a QCD.
2. Inform Us: Let us know to expect your generous contribution so we can properly acknowledge your gift and provide the necessary documentation.
3. Consult Your Advisor: It’s always a good idea to discuss your plans with a financial or tax advisor to ensure that a QCD is the right choice for your situation.

Why Choose Us?

Your support enables us to continue to provide a broadcasting platform for this community. Every dollar makes a difference and helps us pay for essential resources to fulfill that goal.

If you have any questions or need further assistance, please contact us at 508.47.2619 during business hours or email john@womr.org. Thank you for considering a QCD to support our mission!